Glamorous: Lingerie tycoon, Michelle Mone, poses in one of her own designs

Mother-of-three Michelle said her latest designs were inspired by reading Fifty Shades of Grey,

She said: 'I’m enjoying being single at the moment and if one day I’m 65 with 10 cats I’ll be happy with that.

'When I first got divorced I found myself feeling guilty for not being in a relationship but I have gotten past that now.

'I was married when I was 19 and I was scared to be on my own, but now I am getting used to it and I have grown to like it. I feel the best I have ever felt.'

Michelle divorced her husband of 20 years earlier this year and jumped into a relationship with Karl French just months later. But the relationship floundered four months ago.

Lingerie: Michelle Mone (centre) at the launch of her 'With Love From' and 'Ultimo Black' ranges

Cats: Mone (centre) says she wouldn't mind if she ended up with 10 cats and on her own at 65

She said: 'It was too soon to be in a relationship. I had too much baggage, Dubai was too far away and I just wasn’t ready.

'I have had a lot of offers, including ones from guys who are 12 years younger than me, but I’m not interested.'

Michelle, who had a cancerous mole removed from her shoulder and has now been given the all-clear, said she came up with the idea for the new collection while on a private jet with Dragons’ Den tycoon Peter Jones.

She said: 'I was on a plane with Peter and I realised the underwear I was wearing wasn’t as glamorous as the situation I was in, so that’s where the idea came from.

'These clothes aren’t the kind you wear every day. They are the kind you keep in a draw and bring out when you want to feel special.

'After reading the ‘50 Shades of Grey’ series, I knew that women would be pining for these kinds of designs. These new collections mark a new chapter in my life, one where I feel free.

Proud Scot: The launch took place in the House of Fraser store in Michelle's home town of Glasgow

Flying high: Michelle came up with the theme for her new range while on a private jet with Peter Jones

The Black Label collection includes four different sets, Bombshell, Persuasion, Desire and Temptress.

The fashion collection ‘With Love from…’ includes four different sets which have been named after and inspired by four different European cities, Paris, London, Seville, in Spain and Cannes.

Michelle said: 'I’m excited to see the reaction from my customers. I’m sure there will be lots of happy men out there.'

Mrs Michael Buble, Luisana Lopilato, is one of Ultimo's most successful model signings